VCC sealed a memorandum of understanding (MOU) today with Kenya’s National Chamber of Commerce and Industry (KNCCI) to roll out blockchain-based electronic certificates of origin (eCO) in the East African country. The exchange of the signed MOU was witnessed by Singapore Deputy Prime Minister (DPM) Mr Tharman Shanmugaratnam, who is also Coordinating Minister for Economic and Social Policies.

VCC and KNCCI exchanged the signed MOU at the official opening ceremony of Enterprise Singapore’s Nairobi Office, which was officiated by Singapore DPM Mr Tharman. The witnessing of this exchange by DPM signifies the importance and significance of the platform, and further strengthens VCC’s position in Kenya and in the East African region, as this blockchain-based eCO platform is the second initiative that will be implemented by VCC for the Kenya business community. The first solution implemented prior to this was the Single Customs Territory (SCT).

Mr George Chan, General Manager (Africa) commented, “The successful deployment of Kenya will be an important validation of the global applicability and operability of our solution. As we continue to expand geographically, VCC will digitally connect Singapore to the global trade network, actualising the vision of transforming Singapore into a global digital trade hub.”